# NTS/NTS CURRENT AFFAIRS ECONOMIC MCQ SET 2 Sample Test,Sample questions

1.borrowing

2.savings

3.investment

1.200.77 million

2.207.77 million

3.210.77 million

4.217.77 million

## Question: `An isoquant is convex to the origin because of`

1.law of diminishing returns

2.diminishing marginal rate of substitution between factors

3.law of increasing returns

4.Dividends

## Question: `Basket of main currencies is`

1.reference rate

2.currency peg

3.exchange rate

4.special drawing rights

1.Rs. 1,000

2.Rs. 1,500

3.Rs. 2,000

4.Rs. 2,500

1.4.0 million

2.4.5 million

3.5.0 million

4.5.5 million

1.25,972 MW

2.30,972 MW

3.35,972 MW

4.40,972 MW

## Question: `For the Cobb-Douglas Production Function`

1.The law of diminishing returns to scale holds

2.The law of constant returns to scale holds

3.The law of increasing returns to scale holds

4.Originality of utility

1.\$24.5 billion

2.\$28.5 billion

3.\$32.5 billion

4.\$36.5 billion

## Question: `In Keynesian theory equality between saving and investment is brought about by changes in the`

1.level of income

2.rate of interest

3.supply of money

4.The law of constant returns to scale holds

## Question: `One of the following is included in Personal Income, but excluded from National Income, which one is that?`

1.Dividends

2.Wages

3.Interest on Public Debt

4.Originality of utility

## Question: `Pakistani society like other developing countries has`

1.low marginal propensity to consume

2.high marginal propensity to consume

3.high marginal propensity to invest

4.high employment

1.Arms

2.Food

3.Marble

4.Textile

1.Arms

2.Rice

3.Leather

4.Marble

## Question: `Poverty line is determined by`

1.Per capita calories intake

2.Income of the family

3.Housing and clothing facilities

1.19.30%

2.21.30%

3.23.30%

4.25.30%

## Question: `The assumption which makes the Indifference Curve convex to the origin is`

1.A diminishing Marginal Rate of substitution

2.Originality of utility

3.Cardinality of utility

4.Dividends

1.\$6.2

2.\$7.2

3.\$8.2

4.\$9.2

1.7.0

2.7.5

3.8

4.8.5

1.6

2.7

3.8

4.9

1.6

2.7

3.8

4.9

1.9%

2.11%

3.13%

4.15%

1.2%

2.5%

3.8%

4.11%

## Question: `The direct exchange of goods and services for other goods and services is known as`

2.Barter

4.special drawing rights

1.1.38%

2.0.38%

3.0.38%

4.1.38%

## Question: `The governments fiscal policy denotes the use of governments`

1.taxes and expenditure

2.consumption and investment

3.taxes and revenue

4.consumption and expenditure

1.5.4%

2.2.4%

3.1.40%

4.4.40%

## Question: `The impact and incidence of sales tax is`

1.on the consumer

2.on the seller

3.on the producer

4.none of these

1.18.47%

2.20.47%

3.22.47%

4.24.47%

1.Income Tax

2.GST

3.Customs duty

4.Wealth tax

1.thermal

2.hydel

3.nuclear

4.renewable

## Question: `The major government policies that can be used to pursue its macroeconomic goals are`

1.fiscal policy and debt policy

2.fiscal policy and monetary policy

3.fiscal policy, debt policy and monetary policy

4.fiscal policy, monetary policy and subsidies

1.construction

2.transport

3.real estate

4.manufacturing

1.\$1188

2.\$1288

3.\$1388

4.\$1488

1.1998

2.2000

3.2002

4.2004

## Question: `The relationship between price and quantity bought at that price is called`

1.demand curve

2.supply curve

3.law of one price

4.equilibrium position

1.45.23%

2.50.23%

3.55.23%

4.60.23%

## Question: `The three main sectors of Pakistan economy are`

1.agriculture, industry and manufacturing

2.agriculture, industry and transport

3.agriculture, education and industry

4.agriculture, industry and services

1.2014

2.2015

3.2016

4.2017

1.5,96,095

2.6,96,095

3.7,96,095

4.8,96,095

1.\$284.2

2.\$324.2

3.\$364.2

4.\$404.2

## Question: `Three main drivers of economic growth are`

1.consumption, investment and employment

2.savings, investment and debt

3.revenue, expenditure and savings

4.consumption, investment and savings

1.6,230 MW

2.8,230 MW

3.10,230 MW

4.12,230 MW

1.\$18.5

2.\$28.5

3.\$38.5

4.\$48.5

## Question: `Which of the following is NOT a direct tax?`

1.income tax

2.corporate tax

3.capital gains tax

4.excise duty

1.income tax

2.sales tax

3.service tax

4.excise duty

## Question: `Which one of the following tax systems will move in the direction of reduction of economic disparities?`

1.Flat rate tax

2.Progressive tax

3.Regressive tax

4.Income of the family

1.agriculture

2.industry

3.services

4.manufacturing

1.agriculture

2.industry

3.services

4.manufacturing

1.agriculture

2.industry

3.services

4.manufacturing

## More MCQS

##### Olete Team
Online Exam TestTop Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on Online Exam Testwebsite is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!